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Marathon Asset Management upgrades to HiPortfolio/3 as its strategic fund accounting platform

DST International (DSTi), a leader in business solutions for the financial services industry, announces today that London based Marathon Asset Management has signed for an upgrade to HiPortfolio/3.

This new functionality, scheduled to go live by March 2007 will provide Marathon with a more resilient and scalable accounting platform, capable of meeting the evolving needs of its business. A greater openness of data and better reporting capabilities will enable Marathon to lever desired improvements in the area of data management. Improved connectivity with other systems will allow for more flexible communication between HiPortfolio and other applications and will overall make for a more seemless systems architecture.

David Brown, Chief Operating Officer at Marathon Asset Management comments: “DSTi has served Marathon’s investment accounting needs well over the past 12 years and we have committed to upgrade to HiPortfolio/3 to take advantage of new functionality, improved reporting capabilities and greater accessibility to the underlying data. With an efficient and proven conversion path for existing HiPortfolio users, we aim to equip our back office with an enhanced and more scalable accounting platform for the future, whilst minimising the level of disruption to our business. We look forward to continuing to work with DSTi in 2007 and beyond”.

Mike Winn, Chief Executive Officer at DSTi confirms: “We are proud that an excellent and innovative company like Marathon Asset Management has chosen to solidify their relationship with us. It is a tribute to the scalability of our solutions, whilst at the same time being able to meet the demands of highly sophisticated clients”.